Bolton Wanders AVOID Administration.

[Idaho Bee]

https://www.bwfc.co.uk/news/2018/september/a-note-from-the-chairman4/

12 point deduction???

 

[Banana]

Looks like they're making it hard to get relegated this year for playing crap football.

 

[Jezybee]

The potential two year transfer embargo is of greater medium term consequence. “Get down and stay down.”

 

[wanderer paul]

They had a good start so will only be on -1 point.

If Birmingham get their -12 too, then they’ll be on -8.

Bolton won’t be that far off the bottom clubs. They could still survive quite easily.

 

[Sheerwater Bee]

Very strange situation given that the owner is willing to pay the loan plus interest.....

 

[kevalutonbee]

Very strange situation given that the owner is willing to pay the loan plus interest.....

Does seem odd doesn't it?

If that is Ken Anderson in the picture couldnt they have found one where he looks slightly more downcast?

 

[whyteleafebee76]

Does seem odd doesn't it?

If that is Ken Anderson in the picture couldnt they have found one where he looks slightly more downcast?

Maybe he is an incredibly happy and jovial man and that actually is the most downcast picture they have?

 

[jlove]

The story is the owner threatening his creditor with administration if they don’t meet his demand. It seems like a bit of extreme negotiation, really.

 

[North London Bee]

Just spent serious dosh on Magennis and Doige too.

 

[Infatuated Bees Alter Ego]

Their former owner passed away today aswell

 

[wanderer paul]

BWFC have avoided admin.

They have settled the issue of a debt owed to a creditor.

https://twitter.com/i/web/status/1039874444708261889

 

[badgerbee]

Excellent news!!!
Bees Up Rangers Down!!!!

 

[mhead bee]

The story is the owner threatening his creditor with administration if they don’t meet his demand. It seems like a bit of extreme negotiation, really.

Depends how long they have been negotiating, maybe this is the last option in a drawn out affair.

 

[AB]

I'm sure I read that the season they were in L1, despite having a transfer embargo they still had a higher wage bill than we did in the Championship (as did Sheffield United coming up with them at the end of that season). Having now spent big on a few players I suspect that the chances are they will hit trouble again unless they keep up their early season form and continue to challenge for promotion.

 

[Ealing Bee]

Can't find a more current thread covering Bolton's financial plight than this one - they didn't manage to avoid Administration, as we now know - so I'll pop the latest news from 'Oop North" into this one:

BOLTON Wanderers’ owners, Football Ventures, say they are on course to repay a £3.5million-plus creditor bill by next summer to avoid a potential 15-point penalty.

As part of the club’s takeover 12 months ago, the consortium is required by league regulations to reimburse 35 per cent of the money owed to unsecured creditors by next August, or face heavy sanctions.

A bill of more than £10m in unsecured creditors had been run up by the previous ownership, including many local companies, Bolton Council, energy firms and emergency services.

The administration process cost Bolton an instant 12-point penalty, hindering their chances of survival last season also placing them into a two-year EFL transfer embargo, which expires next summer.
https://www.theboltonnews.co.uk/sport/18687275.bolton-wanderers-owners-say-will-pay-3-5m-bill-avoid-efl-penalties/

 

[TW3Bee]

The administration process cost Bolton an instant 12-point penalty, hindering their chances of survival last season also placing them into a two-year EFL transfer embargo, which expires next summer.[/I]

I thought they had been signing players.

 

[Ealing Bee]

Rather impressive 20,892 crowd at Bolton yesterday for their Lancs derby with Wigan (brought 4k of their own).

Wigan won 4-0, while the game was marred by crowd trouble:
https://www.bbc.co.uk/sport/football/58853258